Got a notification in freebitco.in "Use your browser to passively mine bitcoin and receive mining rewards instantly to your FreeBitco.in account, credited every 5 minutes." Anyone has any idea how this works and is it worth it? Is there any chance of laptop/PC being damaged from this sort of "mining"? This is not any kind of income. You are wasting your money on electricity and potentially reducing your productivity from the noise and lag generated by the mining activity. I'm not even sure why freebitco.in decided to implement this, it probably will generate them a ridiculously amount of profit as well from the commissions. It is not worth it at all if you have no cheap electricity and new miners capable of calculating many GH/s or even TH/s per second. And if you do why the hell would you mine for freebitco.in? Either solo mine or join a pool as magneto said! |
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Well, I created this thread to discuss about bitcoin mixing world.
Bitmixer closed their service and suggested every current mixer to close their services too. But as we see, they not only close but almost every day there are new mixers on market.
Bitmixer was biggest and trusted, they closed their service, we can call that big profit machine. No one will destroy ultimate profit machine without reasons, especially smart guy. So why do these people open mixers almost every day? What's their point? Do they believe that they are smarter than bitmixer? If yes, then when they were before bitmixer's close?
I have no idea what caused the bit mixer shutdown but it is an unlikely story they were telling(not believing in people's privacy anymore) Remember that bitmixer was the only one of the old mixers that closed down. So it was likely some sort of individual issue that only bit mixer faced and not some universal problems that all mixers should expect to face. The new mixers(chipmixer included) will be extra careful and learn from bitmixer's closing. And there seems to be no issues with chipmixer at least for a few months now, every customer is happy. |
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The media has a very strong hold or influence over the bitcoin price and it comes without saying that the times people are most interested in bitcoin comes when media coverage is high and demand is high, and this drives price up.
As the old saying goes, "buy the rumor sell the news". When there is virtually nobody interested in covering bitcoin, that's the time to buy.
Really makes me think whether or not we are beginning to fall in price. I hope not, obviously. But media coverage growth has slowed down and there are a lot of negative coverage as well.
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How low do you think Bitcoin is going to go before it starts climbing back up again? Is this it? Is this the end of Bitcoin?
Assuming it goes back up, what do you think the lowest we can get it at?
It is at a 28% decrease from last week? That is pretty bad.
The FUD has caused the selloff and currently we are recovering. Even though we are going up right now i think that we can still expect some dips along the way that would make pretty nice buying opportunities. How low they will be is unknown but i think around $3300-3500. By next month we should be looking at $4500+ prices consistently again, as this bull market continues. |
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If Chinese government bans mining, then it'll just mean that big pools will be forced to either shut down or relocate meaning that they will downsize. An average citizen will still be able to mine bitcoin without any suspicion from the government.
In a sense - this is great news for bitcoin and shouldn't affect the price per bitcoin much. Bitcoin is becoming more decentralized if China does ban mining.
Bitcoin is a p2p network. Government can't start checking every single person's internet usage and figure out whether they are mining bitcoin or not.
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In last 4 hours, BTC price has rising twice(green candles appear two times), and there is improvement in the second Peak. Maybe it will increase extremely at 3rd and 4th wave.
Now is the best time to buy.
What do you think?
The price has established itself at over $4000 on bitfinex right now. The overall price on coinmarketcap is above $4000 as well which means that the resistance seems to be fully broken and we are likely going to go up from here. It's not the best time to buy as the start of the year was the best time to accumulate but if you buy now you'd be able to make at least $500 per coin as i see the price range will be jumping up from the current $3500-4000 level to $4000-4500 in a few days time. Be cautious though, don't go crazy and invest all your life savings. |
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today's bitcoin prices have started up again about $ 3850, what would you do with this?
Depending on when you entered the market(pre-dump or post-dump), i would do different things. If you entered post dump then i would sell around 50% of my stash right now and hold onto the other half. I expect price to rise somewhat more, to at least $4.5k but there is a risk involved. If you entered pre-dump then i would probably wait till i at least break even, which will most likely happen imo. You don't get as much choice as if you entered at a lower price, but this bull trend should take us over $5k easily. |
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on bitcoinity. On coinmarketcap it is $3372. It is jumping around pretty quickly.
I call the bottom at $1900 in 5 days before it stabilizes for a least a little bit.
This is still way up for the year. It started out the year under $1000.
I don't think that it's going to go that low by any means. The lowest i think is going to be $2500 at the very worst and probably not going to touch that for this month. Right now the trend is bullish and should continue for the rest of the month. For next month we could potentially see lower prices because of the shutdown of exchanges in China but should not be that much lower. Minimum should be around $2k, but again i don't think it'll go there even under the worst circumstances. |
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Now that Bitcoin is hovering around $3000 after reaching a price around $5000 a couple of weeks ago, do you think this a good time to buy (Good buy) or a time to say Goodbye to Bitcoin?
I think it's time to start buying again with this drop. You can get Bitcoins much cheaper than a couple of weeks ago but there are some things to consider. It's possible that Bitcoin won't recover or it could take a very long time. The price could go even lower before it goes back up so maybe we should wait a little longer to buy.
What do you think?
Right now bitcoin has rebounded back up to $3800. I have bought some coin at just above $3000 and it's definitely paying off for me. wish I bought more. However, we have to be careful as Chinese exchanges are going to be gone in a month or so and that could cause quite a stir within the crypto, especially the chinese crypto community. It could mean the start of another bear trend. Although you can definitely argue that most trading is done p2p anyways, which is true in china. |
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There is actually an entire list on this: https://en.bitcoin.it/wiki/Bitcoin_Affiliate_Programs. Click to exchanges. I would definitely suggest that you check that out. However not all of the exchanges on there are going to be worth your while in terms of payouts. I'd say that unless you have a lot of experience with affiliate marketing it's not going to be worth your time on any site to refer users in, you simply aren't going to make above minimum wage. I think that the sites that are easiest to get people to do actual purchases on are PayPal related, and without verification. For instance, xcoins.io and virwox. |
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Nice to see BTC-e back up again, it does feel a little weird with the new logo and name but other than that it is still the old BTC-e alright.
Though does anyone know why the price of btc is so inflated and above market average on the new site? Usually BTC-e has lower than market prices but now they have higher than market prices. Pretty weird imo.
Anyways, feels bad to those people who cashed out their 55% early... Oh well, at least they got something.
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Well paying 0.00013 BTC as a fee on a 2kb+ transaction is definitely not going to get it confirmed fast by any means.
If i were you then i would contact support right now and hopefully they can resolve your issue by submitting the transaction into a transaction accelerator and paying for it. If not, then you'd have to pay for an accelerator yourself or get someone else to do it for you(there are a few on bitcointalk offering these services for free, browse around).
Not sure why they were sending with such low fees, maybe a glitch.
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Is there any legitimate free mining website? Are free mining websites paying or are they all scams?
Absolutely none. I've actually seen a lot of them recently that are offering 'multicoin mining' with guaranteed profit. Why would anyone want to offer you free GH/s? Obviously, to get you interested in the idea and potentially get you investing into the ponzi scheme. They know that this is an effective yet extremely cheap way to lure people into their scam because of the fact that nobody will ever be able to cashout just from free hashing power earnings. You're better off doing faucets than trying to get a withdrawal from free hashing power. Trust me, sooner or later you'll just be tempted into investing and lose all your money. If you don't then after a year you'll still not make enough to cover tx fees, that is if the scam doesn't shut down before a year. |
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Hi Buddies, anyone ever tried www.escrowprivate.com?is it legit? can't find any review or recommendation for it anywhere. Never tried it, never heard of it, never seen anyone use it. Does not have a bitcointalk announcement thread. Does not have advertising in any form. The footer on their website says "EscrowPrivate.com © 2015 - 2017" even though a whois lookup reveals that this domain has only been recently purchased. Nothing adds up on this site. It is most likely going t obe used to scam people. If you were going to use it, prepare to lose all your money. Go with either Bitify, one of the more established escrow sites, or best of all bitcointal kescrows. |
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Okay this is crazy and I want to know the community's thoughts on this... Here is a man (Jamie Dimon) who has spent his life at the center of some of the biggest scandals in the history of the world (banking, derivative trading, asset default swaps, etc.)... making claims that Bitcoin is a fraud. He says "It's worse than tulip bulbs. It won't end well. Someone is going to get killed". Is this surprising to anyone at all? The banking industry is MOST threatened by Cryptocurrency and this is only going to intensify as more and more people adopt Bitcoin and other cryptos. I'm alarmed at the arrogance and pure double-standard of these elite bankers. They can all go to hell as far as I'm concerned... Here is the article if you want to read it yourself: https://www.c[Suspicious link removed]m/2017/09/12/jpmorgan-ceo-jamie-dimon-raises-flag-on-trading-revenue-sees-20-percent-fall-for-the-third-quarter.html I think the primary motivation for her to even post anything like that is the fact that a)he is a central banker and b)he missed out on lots of profits when btc went from $400 or less to $4000+ in less than a year, when his daughter bought bitcoin and profited from it. My Daughter Bought Bitcoin. It Went Up, Now She Thinks She Is A Genius She is a genius for being open minded and exploring bitcoin. Unlike her dad, ofc. Now he could potentially be holding significant bitcoin short pos. that is prompting him to say things like this, or he just is scared of bitcoin taking over banks. |
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What are your predictions?
IMO price is going to be pretty high and definitely should be a few all time highs broken by the time 5 years goes past. I would say with confidence, at least $15,000 per coin by 2021-2022. However just don't expect bitcoin to get all of its gains from 2018-2020. Most of the gains are going to come from the halving year and the year after. If major institutional investors come in then $20k+ per coin could be possible as well. |
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if it goes parabolic for too long, then I feel it makes take longer to recover in the longer term after the correction. This kind of dip or down, makes me think we have not see an all time high yet, and that the price has a higher floor.
Longer and bigger the pumps(and the bubble) goes for, the bigger the task of recovery is going to be. I think that is something that everyone can agree on. The dump is going to be much bigger as well, if the price was too high for too long. I would really rather see bitcoin at a more modest level that it belongs to like $2k-3k, than $4k+ which i feel the price is artificially high and could be dumped at any time. Though this panic dump is not likely to be the last... A recovery should be underway soon taking btc to newer heights, before a big dump. |
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Hello everyone!
One of my friends has just entered the crypto world and wants to invest. He is able to arrange 2000 USD in the last week of October and he is seeking an advice on where to put that money. I am tempted to advise him to put 50% in BTC and 50% in ETH. However I would like a second opinion on same. Any recommendations?
(Just so that everyone knows, my/your role here is to only show him potential good coins. The final decision to do his own R&D and making final choices is his own liability and me/you nowhere to be blamed. Think of it as an introduction for a newbie.)
PS: Edited for clarity.
I would focus on bitcoin and not altcoins. Altcoins are way too volatile and i think that a lot of them are overvalued. It really depends on how much bitcoins are worth when he gets his funds arranged because it is not a very good idea to just blindly buy bitcoin whenever you have the means to do so. I would think that bitcoin may have already adjusted downwards by the time your friend gets his $2k, and therefore would be a good time to buy the dip. Anything below $3000 per coin would be a good time to load up imo. I would also suggest buying in $200 chunks if possible. That way you have 10 opportunities to buy in and you won't lose a crap ton if btc dropped overnight. |
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I have transfered few days ago ~20k 0 problems same day (excited about speed)
I did the same yesterday with over 50k, no deposit (USD)
Bank transfer done perfectly according to deposit data.
Second which is delayed was even made in earlier hours than first and still nothing.
Anyone know what's going on, do they have any special policy for "bigger" deposit transactions ?
By the way, their support sucks balls at least for me, many days for replies.....
Can anyone recommned good EU based BTC exchange?
Well Bitstamp recently has had a lot of problems with deposits/withdrawals as well. I would be extremely careful with depositing any large sum over 10k euros/dollars, you were lucky that you are seeing the 20k euro deposit in your account right now. There are no rules about big deposits that make them any different, not that i am aware of. However it dooes make sense that they want to do further checks on your source of funding on a larger deposit. i would recommend Kraken over Bitstamp anyday, they have active support on and off forum(even though they may not be the most responsive) |
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I've heard about cloud mining where you can buy contract and mine any currency (scrypt based specially) using any pools.
And can also switch the coin as you want. Please suggest the best among such service.
Hashflare is the only one that i know of doing it. you're able to choose the pool that you mine in. However this probably makes no difference. How are they going to switch their hashing power from one pool or another so quickly? They probably make up some arbitrary number as your profit or an estimate, by no means is your profit going to be accurate if you choose a pool. In fact by offering this extra function it makes another excuse for them to charge hefty maintenance fees, that disallow you to make any profits whatsoever essentially. I would not recommend joining hashflare or any other cloud mining for that matter. |
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